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Kankakee 60901
1564 W Station Street #0
$45,900
● Land - Off Market

1564 W Station Street #0

Kankakee, IL 60901
bedrooms
Studio
bathrooms
0 Bath
$47,959
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

INCREDIBLE OPPORTUNITY to own this 1000sf oversized heated garage that has a 10' ceiling and sits on a large 50'X135' R-1 zoned lot with plenty of room to build a house. The garage also has a 6'X32' covered front porch, perfect for grilling or just relaxing outside. Inside is plenty of space to fit all of your toys, cars, boat, etc. In addition there is a utility sink, work shop area and is complete with a full bathroom. With gas, electric and running water, this is the perfect opportunity to have the ultimate man cave or use as an office or studio. Oh the possibilities!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$165
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11703447)

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND WEST KANKAKEE SUB
  • Land Acres: 0000000154
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 2ND ADDN LOT 10 BLK 38 06-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012300

Geography

  • District: 16
  • Parcel: 16-17-06-101-002
  • Block: 38
  • Lot: 10
  • Municipality: KANKAKEE
  • Latitude: 41.1183
  • Longitude: -87.8868

    Address

  • Full Address: 1564 W Station St
  • Address - House Number: 1564
  • Street Direction: W
  • Address - Street Name: Station
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $209,528
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 54,838
  • High Value: 69,453
  • Low Value: 40,223

    Market Valuation

  • Market Total Value: $52,848
  • Market Land Value: $15,057
  • Market Improvement Value: $37,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,616
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $12,597

    Sales

  • Current Sale Contract Date: Feb 01, 2023
  • Current Sale Recording Date: Feb 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1048
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

About Kankakee

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1305 ft²

Average Home Age

93.4 years

Currently For Sale

46 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 114 N Washington Avenue, Bradley, IL, 60915

$900 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
114 N Washington Avenue #1142, Bradley, IL, 60915 Listing by Travis Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kurt Merrill, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11703447
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1564 West Station Street built and last sold?
The property at 1564 West Station Street was built in and last sold on Feb 1, 2023 for $45,900.
How much is this home worth?
The estimated value of the home located at 1564 West Station Street is $46,359.
What are some comparable homes to 1564 West Station Street?
There are currently no comparable homes to 1564 West Station Street.
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